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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

Quarter 1 — Applicants vote with their feet as the election looms

Download our Q1 quarterly report

We thought you might appreciate a spin-free Quarterly Report for the Oxfordshire Letting Market in Q1 2010, given the rising tide of pre-election doublethink from all political parties, lobby groups, unions, etc.

So, keeping the presentation dark arts at bay, here are trends seen across eight specialist letting offices:

Demand firms as February surpasses itself

The Oxfordshire letting market has been extremely busy, with properties of all types letting well. The balance of supply and demand is gently tilting into the landlord’s favour as supply is hit by the lack of new build, the persistent need for 25+% deposits for investment mortgages and the disappearance of failed sales.

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HMO Legislation & Oxford rental properties

FK Adviceline: Letting to Sharers

The Government has been concerned about the creation of ‘student ghettos’ recently dubbed ‘studentification’ of parts of student towns and cities. Following a consultation, the Department of Communities and Local Government (DCLG) in 2009 have decided to create a new planning use class specifically for Houses in Multiple Occupation (HMOs).

This new planning use class came in to force on 6 April 2010 by way of an amendment to the Town and Country Planning (Use Classes) Order 1987. The changes are only valid in England.

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